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| Vincent, David P.; Dixon, Peter B.; Parmenter, B.R.; Sams, D.C.. |
| The rise in the domestic price of oil products implied by the new import parity pricing policy for domestic crude oil is likely to pose some problems for macroeconomic management. In this paper an attempt has been made to quantify the short-run adjustment problems involved, using the ORANI 78 model of the Australian economy. Results are presented for a range of variables of interest, including macroeconomic variables, industrial and workforce composition and farm incomes. With fixed real wages, farm incomes are projected to decline by between 6 and 8 per cent. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1979 |
URL: http://purl.umn.edu/22804 |
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| Dixon, Peter B.; Johnson, David T.. |
| Production and milling of sugar cane in Queensland occur in a highly regulated environment. In particular the price of cane is determined by a formula which has been used virtually unchanged for about 70 years. Under this formula, the returns to millers are tied to the price of sugar, not the costs of milling. It is argued in the paper that this could lead to economically unjustified changes in milling arrangements and wasteful uses of milling resources. Other weaknesses of the present formula are also identified. An alternative formula, overcoming all identified problems, is suggested. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1988 |
URL: http://purl.umn.edu/9652 |
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| Dixon, Peter B.; Rimmer, Maureen T.. |
| Australia is faced with a comprehensive package of changes to its indirect tax system, including the introduction of a GST. The Government’s only quantitative analysis in formulating the package employed PRISMOD, an archaic input‐output price model. PRISMOD sheds dim light on a very limited range of policy‐relevant variables. This article explains how PRISMOD works; this is of continuing relevance because PRISMOD results are a benchmark in negotiations concerning the price effects of the tax package. Then an assessment of the package is made using MONASH, a comprehensive dynamic general equilibrium model. Overall, the conclusions are negative: the package is welfare‐reducing and unnecessary. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/117794 |
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